Form 4: KVH Industries Director David Tolley Receives and Disposes of Shares
SEC Form 4
Director David Tolley reports acquisition of shares as restricted stock grant and disposal of shares.
Summary
- On August 13, 2024, David Tolley, a director of KVH Industries Inc., reported a transaction involving the company's common stock.
- Tolley acquired 23,615 shares of common stock as a restricted stock grant.
- Tolley disposed of 43,371 shares of common stock.
- Following the transaction, Tolley beneficially owns 43,371 shares of KVH Industries Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies to ensure transparency.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 08/13/2024 | Date of transaction: acquisition and disposal of shares |
| 11/13/2024 | First vesting date of restricted stock |
| 02/13/2025 | Second vesting date of restricted stock |
| 05/13/2025 | Third vesting date of restricted stock |
| 08/13/2025 | Fourth vesting date of restricted stock |
| 08/15/2024 | Date of signature |
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